Milkyway Chemical Supply Chain Service Co., Ltd. (SHSE:603713) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its shares. The shares will be repurchased at a price of not more than CNY 103 per share.

The company will use its own funds to repurchase shares. The repurchased shares will be used for employee stock ownership plans or equity incentives plan. The program will be valid for a period of 3 months.